And, we’ll challenge corporate America’s repeated assertions it can’t find enough qualified Americans to fill key technology jobs. It turns out it just ain’t so. Imagine that. We’ll have that story, and a great deal more as we continue, live tonight with our “Independents Day” tour, live from, you guessed it, there’s the Space Needle, Seattle, Washington. We’ll be right back.

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DOBBS: New study show American colleges are producing more than enough graduates in Science and Math in this country to fill the needs of U.S. business, but corporate America continues to claim there simply aren’t enough Americans trained in those fields and they must hire foreign workers, workers that of course end up being paid quite a bit less than American workers.

Bill Tucker has our report.

(BEGIN VIDEOTAPE)

BILL TUCKER, CNN CORRESPONDENT (voice-over): There is no shortage of students studying for careers in Math and Science. There is a shortage of jobs. That’s the simply bottom line finding of a new study from the Urban Institute.

The study shows that between 1985 and 2000 435,000 U.S. citizens and permanent residents a year graduated with Bachelors, Masters, and Doctoral degrees in Science and Engineering. That’s three times the number of jobs in Science and Engineering added per year, 150,000 during that time.

Separately Michael Teitelbaum at the Alfred P. Sloan Foundation told Congress last week that neither he nor a separate study by the RAND Corporation can find any evidence of worker shortages. These studies are not anomalies.

VIVEK WADHWA, HARVARD UNIVERSITY: Bottom line is that all of our research at Duke and now at Harvard shows the same thing. That there is no shortage of engineers; there’s no shortage of scientists. Companies aren’t going abroad because of skills. They’re going abroad because it’s cheaper.

TUCKER: As a result, Wadhwa says that more than half of the engineering graduate students at Duke don’t pursue engineering as a career and there is another indicator that the market is anything but short of scientists and engineers.

PAUL ALMEIDA, DEPT. FOR PROF. EMPLOYEES, AFL-CIO: We should be trying to figure out how to incentivize (ph) students to advance in these Math and Science areas. It’s clearly that there is no shortage. If there is a shortage, the supply and demand wages would be going up in these areas.

TUCKER: Wages in the science and engineering fields over the last five years when adjusted for inflation have been basically flat.

(END VIDEOTAPE)

TUCKER: Now Lou, that’s the Urban Institute, the Alfred P. Sloan (ph) Foundation, Duke, Harvard, the RAND Corporation. Studies done independently of each other, different researches, different funding, all reaching the same basic conclusion that there is no worker shortage. Lou, the problem is not a lack of workers. The problem these studies all conclude is a lack of companies hiring them. And as we’ve reported many, many times on this program those companies either off-shore the work or as you mentioned at the top, demand more H-1B visas and then pay those workers less — Lou.

DOBBS: We’ve been reporting on this issue, the exporting of American jobs, the outsourcing of American jobs, middle class jobs, for four years. And point of fact, the idea that all of these highly regarded, highly respected institutions have found the same thing that we have reported her for four years. Congress just last week, the subcommittee on technology and innovation, suggesting that 30 to 40 percent of American jobs now are at risk of being outsourced, in addition to the H-1B problem.

TUCKER: Right.

DOBBS: Let’s put this in some context. Let’s just deal with that H-1B program, which all of these companies want to bring those foreign workers in under. What’s the number of Indian companies that are using H-1B visas, seeking H-1B visas for the purpose of outsourcing those jobs right here in the United States?

TUCKER: Well five of the top six users of the H-1B visa program, Lou, as you well know, are Indian companies.

DOBBS: Yes I did, but I wanted because I’m in Seattle, Washington, tonight Bill Tucker, and I thank you very much — I want to repeat that just for the purpose, the benefit, the illumination, the education, the enlightenment of one of the — this city’s most famous citizens, Microsoft Chairman Bill Gates. Bill Gates is among those calling for more H-1B visas. In fact, Bill Gates wants an unlimited number of H-1B visas. And we really think it’s important that he be brought up-to-date on this issue. Gates testified before a Senate committee in March — by the way, he was the only witness and there was only one fellow chariot — that was Senator Ted Kennedy — and Gates said the United States should allow, as he put it, an infinite number of foreign workers. We can’t get above infinite no matter what we do.

(BEGIN VIDEO CLIP)

BILL GATES, MICROSOFT CHAIRMAN: We have to welcome the great minds in this world, not shut them out of our country. Unfortunately, our immigration policies are driving away the world’s best and brightest precisely when we need them the most.

(END VIDEO CLIP)

DOBBS: Bill Gates, you just heard the RAND Corporation, the Urban Institute, Harvard University, come on and look at the facts. Most of those H-1B visas are being used by Indian companies seeking to outsource jobs at a very, very reduced wage. In fact, most of the H-1B computer professionals in this country are brought in at the lowest skill levels; about half of the H-1B visa computer professionals recently admitted to the United States, in fact during the (INAUDIBLE) entry level salaries, so much for the advanced, best minds. These are entry level jobs, not the highly skilled jobs seeking those H-1B visas.

So Mr. Gates, I certainly hope that you and I can have a discussion on that. I’m sure that you would be delighted to do that, but I’m going to ask for something less than an infinite number of H- 1B visas and when we compromise, as a matter of fact, I want to return to two years ago levels.

We’ve deregulated to the point where the broadband providers, companies like Comcast and AT&T, are also major publishers of video content and telephone service.

The only cable provider in my area is Comcast. Should they be able to charge 3rd parties to benefit their own content (G4 rather than Revision 3) and services (Comcast Voice rather than Skype)?

Yes or no? The question needs to simplified and hammered until we get a straight answer. Cmon folks. Wake up. This could be the pivotal issue of our age.

I had grown luke warm about McCain. Pandering to the religious nuts that have wrecked the GOP and seemingly ineffectual war rhetoric have gotten me down on the Maverick.
But this was refreshing. Rather than taking grand statements (for most of it), his…

McCain can BITE ME because he lives in Arizona one of the states
with the worst illegal alien problem and McCain has done NOTHING
to stop illegals from coming into our country.
So i dont care what that idiot thinks or does he will never get a vote from me.

On the other hand Yahoo Google and whoever else cowtows to China
or any other country are traders to the United States.

Today wars are not being faught in places like IRAQ for any reason of liberty
Iraq is all about money …. A TRILLION DOLLARS being taken from the USA
and being given as Loan Payments to Saudi Arabia and China

We have Private Companies in IRAQ feeding and supplying our troups
and they are getting paid BILLIONS to do it

Didnt they useto have Cooks and Truck drivers in the Army?

The war today is being faught on assembly lines in China
and in the Child Labor Camps in India where those 2 countries alone
ammount to over 2 Billion people

Cisco Moved to India
All the big companies have sold out to India and China

THIS IS WAR
AND THE WEST HAS LOST

When you go to Walmart and buy your kids a Lead Tainted Toy
For Christmass remember

First they came for the Textile Mills and then the Steel Mills
Then they took Manufacturing
TODAY THEY TAKE TECHNOLOGY

and tomorrow unless this changes
your children or grand children will be fighting a Global war
on a Military Scale so HUGE that life as we know it
will change forever

2 BILLION PEOPLE in india and China
2 BILLION MORE in Africa and the Middle East

and the only way to win that war with all those people fighting????

Well They wont be using PEA SHOOTERS

We have a Choice to make
WE HAVE THE ABILITY TO CHANGE THIS

Use Hybrid Technology to rid ourselves from depending on as much oil as we can

It wont cover everything but
Turn your heat down
Buy a foot of insulation for your home
Give up the SUV and buy an American Made Hybrid or at least a car that gets 35mpg
Telecommute when you can
Plant a small garden and lower our need for Transportation so you can have a fresh tomato

Plant some Flowers, Bushes or Trees in your yard and increase the Oxygen in the Air.

Find a way to save

and then sell those ways to the rest of the world
NOT JUST THE IDEAS
THE PRODUCTS meaning Clean Manufacturing

Supermarkets and Stores need to install Skylights to reduce their electric costs

There are so many ideas and so little time to change all of this

but while we work
we need to remember our morals
and when we see others that are on our side for good
even in oppressed countries
we cant give up our morals for money
THAT IS TREASON
TREASON TO EVERY MAN WOMAN AND CHILD THAT FOUGHT FOR FREEDOM

But hey, it is obviously easier to put everyone who is against any government into the same spot.

If China was a democracy those people would have the opportunity to “fight” their cause. Now all that is left to them is publish their thoughts online and some multi million dollar corporation rats them out to an oppressive state.

Just because everyone does trade with China, does not make them any more elligable. In fact it is a disgrace that so many nations play along with them while they are violating basic human rights.

Hey, I bet the Cubans wish they would be so many and an important market “of the future”. But they are not and so it is “ok” to speak out against Castro but obviously not against China.

It is amazing that Duncan is not able to comprehend a couple years of history (btw, all available for free on Wikipedia) and makes all those half assed assumptions about poor Yahoo!. Maybe he needs to disclose how much stock he owns and maybe he should stick to tech topics. No offense, Duncan, but you this is clearly not your forte.

And China is by no means a marginal issue. China imprisons and kills people because they express their own opinion – which unfortunately for them is different from the state’s. Other countries get invaded for less.